18 February 2021
One Pvt ltd company which is having Business loss of 2 Cr, and this company want to merge with another Pvt Ltd company having a profit. First company ( Loss Company ) has only trading business ( Not done any manufacturing in past ). As per Sec 72A Loss of Company only merged if it is covered under industrial undertaking defination.
So, My question is if above two company will merge then can loss of above company carried forward by merged company ?
CAclubindia
